Dear sir,

I have found on Return under Wealth Tax where the person has adjusted debts owed against other asset the details are as follows.

Motor Car (Sch. III Value ) 500000
Loan taken For purchase of Motor Car 700000
Jewelry (FMV) 500000

Net Wealth Calculated is 300000
ie. (500000-700000)+ 500000

Whether the contention of person is correct or not ?

Please Guide.

In the year of Transfer of Business, Dep u/s 32(1) is to be apportioned between Transferor & Transferee. In ITR 4, Dep. schedule, how to reflect this. Alternatively, where to show in Schedule BP. As we did not fill sch DEP/DOA, Dep is not allowed in 143(1) intimation from CPC. Now we want to file rectification application.

we have to do payment in centralised registration no for CED but instead of it payment done in own assessee code,used till the previous year ie before centralised regn.Is there any solution or procedure to rectify the mistake done?
bank authorities could not do because of e payment all are system generated

hi
my client is engage in manufacturing business as an pvt ltd so right now company have require fund for business. can company accept loan from HUF in director of the company is Member in particular HUF. can we consider Huf as a related party of director in company ?

wealth tax is calculated as on valuation date but if i am selling motor car to my friend as on 30/03/2013 i.e on one before valuation date to my friend for escaping from wealth tax.but as on 02/04/2013 he resale to me the same car. what will situation arise as per income tax and wealth tax point of view????

Hi all,

My client was working with icici bank ltd for 2 years.At the time of releaving he received his PF amount Rs.102000/- but bank has deducted TDS on that amount.It is a private trust.

Now my question is can PF amount to be taxed or not??????

Dear Experts,

Excess TDS was deducted on employee salary, now the employee is asking for the revised Form 16 so he can file his return and claim the refund.

Is is necessary for the company to file revised annual TDS return and provide revised form 16 to employee.

thanks

A report was qualified for FY 2011.12 of a Pvt. Ltd. Co. for showing excess income and consequntly showing excess receivables as on 31.3.12. For FY 2012.13 is qualification necessary if receivables are continued with excess balance as on 31.3.2013?

x person recd. Rs. 4000 from post office saving bank account for the a.y.13-14. How much portion taxable or not.

Dear Experts;
we have filed Form 2 dated 04.04.2013 with MCA with the details Face Value Rs.10 & Premium Rs.490 and same will be approved but after revise valuation of shares thier is changes in Premium amount instead of Rs. 490 it will be Rs. 590/-.Now here no of shares will be reducing.therefore in this case can we filed Revised F2 of the same date by attaching application for the same or whether we have to go reduction of share capital as per sec 100 and get High court order for the same.Pls guide us as soon as possible